DOBEX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DOBEX
Largest movements
- Tangible fixed assets -€36,453
down €36,453 (-1.5%), from €2.5m to €2.4m
of which Plant, machinery and equipment: -€29,720
- Other debts -€44,830
down €44,830 (-37.6%), from €119,280 to €74,450
- Profit (loss) carried forward -€41,989
down €41,989 (-25.6%), from €163,955 to €121,966
- Financial charges +€152,947
up €152,947 (+401.5%), from €38,091 to €191,038
of which Non-recurring financial charges: +€97,600
- Gross operating margin +€130,588
up €130,588 (+96.0%), from €136,025 to €266,613
- Depreciation +€87,084
new in 2025: €87,084
- Staff costs -€57,825
down €57,825 (-76.2%), from €75,891 to €18,066
- Other operating charges +€3,850
up €3,850 (+45.0%), from €8,564 to €12,415
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,516,937 | €3,467,505 | -€49,432 | -1.4% |
| Fixed assets | 21/28 | €3,419,270 | €3,382,817 | -€36,453 | -1.1% |
| Tangible fixed assets | 22/27 | €2,483,574 | €2,447,121 | -€36,453 | -1.5% |
| Land and buildings | 22 | €2,004,808 | €2,000,811 | -€3,997 | -0.2% |
| Plant, machinery and equipment | 23 | €465,082 | €435,363 | -€29,720 | -6.4% |
| Furniture and vehicles | 24 | €13,684 | €10,947 | -€2,737 | -20.0% |
| Financial fixed assets | 28 | €935,696 | €935,696 | = | 0.0% |
| Current assets | 29/58 | €97,666 | €84,688 | -€12,979 | -13.3% |
| Amounts receivable within one year | 40/41 | €94,662 | €83,120 | -€11,542 | -12.2% |
| Trade receivables | 40 | €19,203 | - | -€19,203 | |
| Other amounts receivable | 41 | €75,459 | €83,120 | +€7,661 | +10.2% |
| Cash at bank and in hand | 54/58 | €2,978 | €1,567 | -€1,410 | -47.4% |
| Deferred charges and accrued income | 490/1 | €26 | - | -€26 | |
| Total equity and liabilities | 10/49 | €3,516,937 | €3,467,505 | -€49,432 | -1.4% |
| Equity | 10/15 | €403,970 | €361,981 | -€41,989 | -10.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €172,365 | €172,365 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,955 | €121,966 | -€41,989 | -25.6% |
| Amounts payable | 17/49 | €3,112,967 | €3,105,524 | -€7,443 | -0.2% |
| Amounts payable after more than one year | 17 | €2,781,764 | €2,802,371 | +€20,607 | +0.7% |
| Financial debts | 170/4 | €2,074,559 | €2,033,190 | -€41,369 | -2.0% |
| Other amounts payable | 178/9 | €707,205 | €769,181 | +€61,976 | +8.8% |
| Amounts payable within one year | 42/48 | €300,085 | €303,153 | +€3,068 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €105,492 | €125,073 | +€19,581 | +18.6% |
| Trade debts | 44 | €74,962 | €103,630 | +€28,668 | +38.2% |
| Suppliers | 440/4 | €74,962 | €103,630 | +€28,668 | +38.2% |
| Taxes, remuneration and social security | 45 | €351 | - | -€351 | |
| Taxes | 450/3 | €270 | - | -€270 | |
| Remuneration and social security | 454/9 | €81 | - | -€81 | |
| Other amounts payable | 47/48 | €119,280 | €74,450 | -€44,830 | -37.6% |
| Accrued charges and deferred income | 492/3 | €31,118 | - | -€31,118 | |
| Remuneration, social security and pensions | 62 | €75,891 | €18,066 | -€57,825 | -76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €87,084 | +€87,084 | |
| Other operating charges | 640/8 | €8,564 | €12,415 | +€3,850 | +45.0% |
| Gross operating margin | 9900 | €136,025 | €266,613 | +€130,588 | +96.0% |
| Operating profit (loss) | 9901 | €51,570 | €149,049 | +€97,479 | +189.0% |
| Financial income | 75/76B | €220 | - | -€220 | |
| Recurring financial income | 75 | €220 | - | -€220 | |
| Financial charges | 65/66B | €38,091 | €191,038 | +€152,947 | +401.5% |
| Recurring financial charges | 65 | €38,091 | €93,438 | +€55,347 | +145.3% |
| Non-recurring financial charges | 66B | - | €97,600 | +€97,600 | |
| Profit (loss) for the period before taxes | 9903 | €13,698 | -€41,989 | -€55,688 | |
| Profit (loss) for the period | 9904 | €13,698 | -€41,989 | -€55,688 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,698 | -€41,989 | -€55,688 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.